Age Partnership Equity Release review
This Age Partnership equity release review is one in a series of provider reviews , designed to help you compare the various plans and services on the market today. Age Partnership are independent equity release brokers who compare a wide selection of schemes to find the most appropriate plan for your circumstances.
Established in 2004, the company offers a tailored range of financial services for people over 50 including mortgages, pension income plans, lasting powers of attorney and Wills. It is regulated by the Financial Conduct Authority (FCA) and is a member of the Equity Release Council, so you will be protected by the Council's rules and principles, including the ‘no negative equity guarantee’.
With a 97% trust score on independent review site Trustpilot, Age Partnership has also won many awards for their equity release service over the years, culminating in being accredited as The Times Money Mentor recommended equity release broker in 2020 – a genuine mark of customer trust.
According to The Times Money Mentor ‘To ensure the brokers we recommend are reputable, we asked independent consumer group Fairer Finance to put them through a rigorous process. Whenever you see our “accredited broker” badge you can feel confident that you are getting high‐quality and impartial advice you can trust.’
Age Partnership equity release – in summary
As an independent company, Age Partnership can give you impartial advice. They compare equity release providers and schemes from right across the market, to give you a clear picture of the schemes available to you and the reasons why one plan may be better suited to you than another. They will also explain how releasing equity could affect your family's inheritance and your entitlement to current and future means-tested benefits.
The long list of companies they advise on includes LV, Legal & General , Hodge Lifetime, One Family, Aviva , Just Retirement, Pure Retirement, More 2 Life, Retirement Advantage, Bridgewater Equity Release, Scottish Widows and Canada Life.
Remember, not all advisers compare the whole market. Some focus only on equity release schemes from particular companies and so are not necessarily in a position to give you a truly balanced view of your options.
Preferential terms available
Age Partnership has successfully negotiated preferential terms with many leading equity release providers, Benefits that may not be available to you if you apply directly or through a financial adviser:
- Preferential low lifetime mortgage rates that could save you thousands of pounds in interest
- Cash bonuses
- Free property valuations
- Price Beat Guarantee – Age Partnership guarantee to beat any like-for-like equity release quote or they will give you £500.
Age Partnership’s initial advice is free and without obligation. If you choose to go-ahead, a fee 2.25% of the amount released will be payable.
There’s also an incentive for referring a friend. If you successfully arrange equity release through Age Partnership and then refer a friend who applies successfully, you’ll receive £250 and your friend will get £250 off the advice fee.
Age Partnership’s equity release advice
You can speak to an Age Partnership specialist either over the phone or face to face. They will talk through your requirements and give you details of the most suitable equity release schemes for you to choose from and give you a free, no obligation written quotation.
If, after careful consideration, you decide to go ahead, Age Partnership will talk you through the application form and arrange for a courier to pick it up for no extra charge.
The whole process usually takes six to eight weeks, but Age Partnership will do what they can to enable the money to be released sooner.
We’ve chosen to work with Age Partnership because they are independent, compare the whole of the equity release market and offer preferential terms to customers. Call 0800 133 7380 now to speak to a specialist.
Alternatively, see how equity release providers compare or find out how much equity you could release from your home, using our easy-to-use calculator. It’s free and there’s no obligation to go further.
You should always seek professional advice. Before you reach a decision, make sure you completely understand the implications of a lifetime mortgage, consider any potential alternatives, and discuss everything with your family.
Try the calculator